Amazing investment opportunity: a fully updated 29-unit mixed-use property in the heart of downtown Rochester, offering strong income and diversified revenue streams. This rare asset includes 19 residential apartments (10 one-bedroom and 9 two-bedroom units), delivering consistent rental demand, along with three highly visible first-floor retail spaces ideal for storefront businesses seeking foot traffic and exposure. Additionally, a separate entrance leads to seven professional suites, perfectly suited for service-based businesses such as salons, massage therapy, boutique offices, or similar uses. Since its purchase in 2021, the property has undergone extensive permitted renovations and upgrades, including newer split systems for air conditioning, updated forced air systems, renovated kitchens and bathrooms, new flooring, lighting, fresh paint throughout, rebuilt balconies, and major improvements across all three storefronts. This turn-key asset offers the perfect blend of residential stability and commercial upside in a prime downtown location, making it an exceptional opportunity for investors seeking both immediate cash flow and long-term growth. Please note: one or more photos may be virtually staged.
List Office Name: High Falls Sotheby's International Realty
List Office Phone: 585-623-1500
List Price: 2500000
Listing Id: R1675939
Living Sq Ft: 25416
Longitude: -77.603905
Lot Features: Rectangular, RectangularLot
Acres: 0.1625
Lot Acres: 0.1625
Lot Dimensions: 78X90
Middle School District: Rochester
Status: Active
Operating Expense Includes: Other, SeeRemarks
Parking Total: 1
Photos: 44
Possession: CloseOfEscrow
Possible Use: Residential, Retail
Postal City: Rochester
Zip Code: 14604
Description: Amazing investment opportunity: a fully updated 29-unit mixed-use property in the heart of downtown Rochester, offering strong income and diversified revenue streams. This rare asset includes 19 residential apartments (10 one-bedroom and 9 two-bedroom units), delivering consistent rental demand, along with three highly visible first-floor retail spaces ideal for storefront businesses seeking foot traffic and exposure. Additionally, a separate entrance leads to seven professional suites, perfectly suited for service-based businesses such as salons, massage therapy, boutique offices, or similar uses. Since its purchase in 2021, the property has undergone extensive permitted renovations and upgrades, including newer split systems for air conditioning, updated forced air systems, renovated kitchens and bathrooms, new flooring, lighting, fresh paint throughout, rebuilt balconies, and major improvements across all three storefronts. This turn-key asset offers the perfect blend of residential stability and commercial upside in a prime downtown location, making it an exceptional opportunity for investors seeking both immediate cash flow and long-term growth. Please note: one or more photos may be virtually staged.
Roof: Asphalt, Membrane, Rubber
StateOrProvince: NY
Stories: 3
Street Name: Liberty Pole
Street Number: 127
Street Number Numeric: 127
Street Suffix: Way
Total Taxes: 24473
Assessed Value: 667200
Town: Not Applicable
Utilities: SewerConnected, WaterConnected
Water Source: Public
Year Built: 1920
YearBuiltDetails: Existing
Zoning: CCD-B
Zoning Description: Commercial
Amenities and Features
Other Features
Basement Y/N 1
Has Cooling System
Has Heating System
Map
Courtesy Of : High Falls Sotheby's International Realty
585-623-1500
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